357-359 Norman St - Multi-Family FOR SALE


Bridgeport, CT 06605- West End-West Side
$995,000 USD
203-524-4303
357-359 Norman St, Bridgeport, CT for Sale
$995,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

357-359 Norman St
Bridgeport, CT 06605
West End-West Side


OVERVIEW

Excellent Investment Opportunity! This historic and well-maintained apartment building offers an exceptional chance to expand your portfolio with a strong performing asset. Spanning approximately 4,570 sqft., the property features 15 residential units plus an on-site office, ideal for property management convenience. This building offers a varied floor plan of efficient studio units, appealing to a wide range of tenants, each with private bathroom and kitchenette. With an estimated cap rate of 9.8%, this is a rare opportunity for investors seeking both stability and cash flow. Key property features include: * Central air conditioning & gas heat * Separate HVAC systems for each side of the building * Security cameras & centralized fire safety system * Fire suppression system in the basement * Individual mail and key boxes for residents Originally constructed in 1892 as two duplex homes on land acquired from the estate of P.T. Barnum, this building carries unique historical charm while offering modern updates for today's rental market. Perfectly located across from the Klein Memorial Auditorium (Performing Arts Center) and within close reach of I-95 and public transportation, shopping, parks, and beaches, this property provides unmatched convenience for tenants.Don't miss this chance to own a piece of history with strong investment returns!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

16

PRICE/UNIT

$62,188

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

857 Post Rd Unit 140 Fairfield, CT 06824-604

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RC

APN/PARCEL ID

BRID-001141-000015

ASK ABOUT THIS PROPERTY

Charles NedderBerkshire Hathaway HomeServices New England ProperMore Info
203-524-4303

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Charles NedderBerkshire Hathaway HomeServices New England ProperMore Info
203-524-4303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.